Shares Buy Back Daily Results

KMG EP Share Buy Back Programme.

Announcement on the results of the trading

Astana, 12December 2012. JSC KazMunaiGas Exploration Production ("the Company" or "KMG EP") announces that pursuant to the Share Buy Back Programme commenced on 11 October, 2011, on 11 December 2012 the Company acquired 158 487 of its global depositary receipts ("GDRs") (LSE:KMG) on the London Stock Exchange at an average price of US$19.75 per GDR.

Since the start of the Share Buy Back Programme, the Company has purchased in aggregate 13 438 512 GDRs and 19 342 ordinary shares.

For further details please contact us at:

Investor Relations (+7 7172 975433)

Asel Kaliyeva

E-mail: [email protected]

Public Relations (+7 7172 977915)

Zhanna Oyshybaeva

E-mail: [email protected]